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Following our earlier note on 8 July, Saudi Arabia has now published the Law on Real Estate Ownership by Non-Saudis (the New Law). It will come into force in January 2026 and will repeal the earlier Law on Real Estate...more
On 8 July 2025, the Saudi Cabinet approved a new real estate law (the “New Law”) that will significantly expand the ability of foreign individuals and entities to own property in the Kingdom....more
Foreign investors can now directly invest in public companies that own real estate in Makkah and Madinah, thereby boosting market appeal and liquidity....more
On August 11, 2024, the Kingdom of Saudi Arabia (the “Kingdom” or “Saudi Arabia”) issued the new Investment Law, pursuant to Royal Decree number M/19 (the “New Investment Law”), which is intended to replace the Foreign...more
On August 11, 2024, the Kingdom of Saudi Arabia unveiled a new Investment Law, which repeals the existing Foreign Investment Law (“New Investment Law”) to enhance attraction of international investments and equality between...more
On 14 April 2023, the Economic Cities and Special Zones Authority (ECZA) announced the launch of four special economic zones (SEZs) in the Kingdom of Saudi Arabia (the Kingdom) to accelerate the diversification of the...more
Strong diplomatic and economic ties have long existed between the Gulf Cooperation Council (GCC) states and North Africa but there are other levers at play for deepening economic relations....more
On September 14, 2021, the Kingdom of Saudi Arabia’s (KSA’ s) Cabinet of Ministers launched a new Permanent Ministerial Committee for Examining Foreign Investments (CEFI) that would review foreign investments for potential...more
Foreign investment in Saudi Arabia is anticipated to become easier following an announcement of a significant relaxation of ownership rules in the Kingdom which will enable foreign investors to own 100% of wholesale and...more